Photo courtesy of: Greg Land

School’s Out At Hundreds Of Closing College Campuses, But Real Estate Is In Session

July 29, 2022  |  Brad Noyes

B&D’s Brad Noyes was recently featured in an article on the B2B real estate platform, Bisnow, discussing new trends and challenges in the real estate market amidst a number of college campus closures. Read an excerpt below and check out the full article here.

Declining enrollment and financial hardships are forcing hundreds of college campuses across the country to close, leaving large properties vacant in some of the nation’s most desirable real estate markets. But while those closures open up opportunities for redevelopment, the real estate world is struggling to get a grasp on how those properties can be effectively utilized.

“It’s been challenging for the real estate profession to engage with that dynamic,”  said Brad Noyes, head of the higher education practice group at advisory firm Brailsford & Dunlavey. “Much of it is purpose-built real estate … some of that real estate is really valuable for alternative uses, and some of it is not.”

"The leadership and information from B&D, and the clarity with which they provide it, brings added credibility to the process and ensures that a range of university stakeholders, including senior leadership and our board, are fully informed for – and confident in – their required decision making.”

B.J. Crain, Former Interim Vice President for Finance and Administration
Texas Woman’s University

Receive the latest news & insights from B&D

Subscribe →